OTCPK:ARNBF - Post by User
Post by
prospect_93on Mar 29, 2010 4:50pm
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Post# 16936711
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The next three locations have shown up. This is a total of 7 wells not including the 12-29. Again, it appears that the highest risk is 5-34, however we already know they hit oil charged reef there. Original pressures also likely to exist.
Celtic has several horizontal wells in the area. My understanding is that Arcan is using a special frac formula that Celtic may not have known about. This is really opening up the rock. Without this knowledge, a farm out would be easier to justify.
Aggressive SP action again today. Wonder if test results will be out this week?